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According to the report by GMI, Polyester fiber reinforced polymer rebars market was valued over USD 460 million in 2015. Evolution as a substitute for epoxy or stainless steel in construction industry has positively influenced the product demand. Vinyl ester resin has excellent corrosion resistivity against chemicals, vapours and fuels accompanied by high tensile strength and durability.Growing construction spending along with rising infrastructure development in numerous region globally will drive the industry growth. Increasing construction of bridges, highways, building and water treatment plants are the factors positively influencing the product penetration.
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Some of The Fiber Reinforced Polymer Rebars Market Growth Drivers:
1 Rising demand for water treatment plants
2 Infrastructure renewal and expansion; for instance, highways, bridges and buildings especially in BRIC nations
3 Growing demand for non-corrosive rebar
4 Increasing application scope in marine structures and MRI rooms
Rising restoration needs particularly for old building and bridges will enhance the product scope. Shifting preference towards durable, lightweight and non-corrosive reinforcements coupled with good electric and thermal insulation properties will drive the fiber reinforced polymer rebars market growth.
Advancement in technologies, materials and product designs are the major factors fuelling the industry growth. Shift in government focus towards infrastructure development including the construction of parking areas, railings, walls, garages, columns, floor slabs, and decks will support the fiber reinforced polymer rebars market revenue.
Fiber reinforced polymer rebars market is led by highways, bridges & buildings due to growing construction and restoration activities. Highways, bridges & building was worth over USD 460 million in 2015. Rapid urbanization and industrialization mainly in developing countries will drive the fiber reinforced polymer rebars market.
High application scope in water treatment plants, MRI rooms and marine structures will propel the industry . Prevention from cracks caused due to the chlorine and alkali present in sea water has encouraged the product scope in marine structures. High durability of the fiber reinforced polymer rebars along with leakage & crack control properties acts as an ideal reinforcement material for underwater applications.
Browse key industry insights spread across 200 pages with 194 market data tables & 15 figures & charts from the report, “Fiber Reinforced Polymer (FRP) Rebar Market Size By Resin (Polyester, Vinyl Ester), By Product (Glass Fiber Composites, Aramid Fiber Composites, Basalt Fiber Composites, Carbon Fiber Composites), By Application (Marine Structures & Waterfronts, Highways, Bridges & Buildings, Water Treatment Plants, MRI Rooms), Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, France, Italy, Russia, China, India, Japan, Australia, South Korea, Brazil, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/fiber-reinforced-polymer-frp-rebars-market
Glass fiber composites dominate the industry share accounting for more than 85% in 2015. Reduced possibilities of acid and alkali attacks coupled with lightweight and easy handling properties have encouraged the industry growth.
Basalt composites are the fastest growing product. Corrosion resistance, easy availability, low price, resistance to hostile environment and magnetic transparency are the major properties enhancing the product penetration.
North America, led by the U.S. was valued over USD 270 million in 2015. Stringent government regulations for human safety in construction industry will have a positive outlook in this region.
Europe, dominated by Germany and UK fiber reinforced polymer rebars market is growing substantially owing to increased restoring and renovation activities for both commercial and residential buildings. Increased government spending on infrastructure development including bridges, roads and building will drive the regional demand.
Asia-Pacific will witness growth around 8% up to 2024. Increasing construction activities in emerging nations including, China and India will enhance fiber reinforced polymer rebars market. Increasing government support for infrastructure activities will further fuel the industry growth in this region.
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Global fiber reinforced polymer rebars market is at growth stage focusing on new product development. Several players are engaged in expanding their product portfolio to sustain in the industry. Key participants include Marshall Composites Systems, BP Composites, Hughes Brothers, Putrall, Fibrolux, Sireg Geotech, CRT and Technobasalt Invest LLC.
Partial Chapter of the Table of Content
Chapter 4 FRP Rebar Market, By Resin
4.1 Global FRP rebar market volume share by resin, 2015 & 2024
4.2 Polyester
4.2.1 Global polyester FRP rebar market estimates & forecast, 2013-2024
4.2.2 Global polyester FRP rebar market estimates & forecast by region, 2013-2024
4.3 Vinyl ester
4.3.1 Global vinyl ester FRP rebar market estimates & forecast, 2013-2024
4.3.2 Global vinyl ester FRP rebar market estimates & forecast by region, 2013-2024
Chapter 5 FRP Rebar Market, By Product
5.1 Global FRP rebar market volume share by product, 2015 & 2024
5.2 Glass fiber composites
5.2.1 Global FRP rebar market estimates & forecast from glass fiber composite, 2013-2024
5.2.2 Global FRP rebar market estimates & forecast from glass fiber composites, by region, 2013-2024
5.3 Aramid fiber composites
5.3.1 Global FRP rebar market estimates & forecast from aramid fiber composite, 2013-2024
5.3.2 Global FRP rebar market estimates & forecast from aramid fiber composite by region, 2013-2024
5.4 Basalt fiber composites
5.4.1 Global FRP rebar market estimates & forecast from basalt fiber composites, 2013-2024
5.4.2 Global FRP rebar market estimates & forecast from basalt fiber composites, by region, 2013-2024
5.5 Carbon fiber composites
5.5.1 Global FRP rebar market estimates & forecast from carbon fiber composites, 2013-2024
5.5.2 Global FRP rebar market estimates & forecast from carbon fiber composites, by region, 2013-2024
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